Invesco Shuns Asian Bonds as Fed Tightening Keeps UBS Asset Away

  • Rise in bond yields capped by slower growth, inflation in Asia
  • Fed tightening gives Asia less room to ease on outflow risk

Invesco Ltd. and UBS Asset Management aren’t adding to their holdings of Asian local-currency sovereign bonds for the time being as they see yields in most markets rising in tandem with U.S. Treasuries.

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